AAPR vs. APRD

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator Equity Defined Protection ETF - 2 Yr To April 2026 (AAPR) and Innovator Premium Income 10 Barrier ETF - April (APRD).

AAPR and APRD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AAPR is an actively managed fund by Innovator. It was launched on Mar 28, 2024. APRD is an actively managed fund by Innovator. It was launched on Mar 31, 2023.

Performance

AAPR vs. APRD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Defined Protection ETF - 2 Yr To April 2026 (AAPR) and Innovator Premium Income 10 Barrier ETF - April (APRD). The values are adjusted to include any dividend payments, if applicable.

AAPR vs. APRD - Yearly Performance Comparison

	2026 (YTD)
AAPR Innovator Equity Defined Protection ETF - 2 Yr To April 2026	0.81%
APRD Innovator Premium Income 10 Barrier ETF - April	0.00%

Returns By Period

AAPR

• 1D: 0.00%
• 1M: 0.56%
• YTD: 1.32%
• 6M: 3.06%
• 1Y: 10.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

APRD

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AAPR vs. APRD - Expense Ratio Comparison

Both AAPR and APRD have an expense ratio of 0.79%.

AAPR

Innovator Equity Defined Protection ETF - 2 Yr To April 2026

APRD

Innovator Premium Income 10 Barrier ETF - April

Return for Risk

AAPR vs. APRD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AAPR

AAPR Risk / Return Rank: 91
AAPR Sharpe Ratio Rank: 88
AAPR Sortino Ratio Rank: 92
AAPR Omega Ratio Rank: 97
AAPR Calmar Ratio Rank: 83
AAPR Martin Ratio Rank: 95

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AAPR vs. APRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Defined Protection ETF - 2 Yr To April 2026 (AAPR) and Innovator Premium Income 10 Barrier ETF - April (APRD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AAPR	APRD	Difference
Sharpe ratio Return per unit of total volatility	1.86	—	—
Sortino ratio Return per unit of downside risk	2.79	—	—
Omega ratio Gain probability vs. loss probability	1.60	—	—
Calmar ratio Return relative to maximum drawdown	2.41	—	—
Martin ratio Return relative to average drawdown	16.22	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AAPR	APRD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.58	—	—

Dividends

AAPR vs. APRD - Dividend Comparison

Neither AAPR nor APRD has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

AAPR vs. APRD - Drawdown Comparison

The maximum AAPR drawdown since its inception was -5.99%, which is greater than APRD's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for AAPR and APRD.

Drawdown Indicators

	AAPR	APRD	Difference
Max Drawdown Largest peak-to-trough decline	-5.99%	0.00%	-5.99%
Max Drawdown (1Y) Largest decline over 1 year	-4.22%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.48%	0.00%	-0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.63%	—	—

Volatility

Volatility by Period

	AAPR	APRD	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.41%	0.00%	+5.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.94%	0.00%	+4.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.94%	0.00%	+4.94%